iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by Concentrum Wealth Management

Concentrum Wealth Management grew its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,168 shares of the company’s stock after purchasing an additional 2,367 shares during the quarter. Concentrum Wealth Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Millburn Ridgefield Corp grew its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after buying an additional 180,849 shares during the last quarter. Darrow Company Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the fourth quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock valued at $13,755,000 after acquiring an additional 1,256 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $1,529,000. Advisors Preferred LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $438,000. Finally, MONECO Advisors LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% in the 4th quarter. MONECO Advisors LLC now owns 106,286 shares of the company’s stock valued at $9,437,000 after acquiring an additional 427 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $87.26 on Monday. iShares MSCI USA Min Vol Factor ETF has a one year low of $79.69 and a one year high of $95.12. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 24.22 and a beta of 0.74. The company has a 50-day simple moving average of $92.83 and a 200-day simple moving average of $91.80.

iShares MSCI USA Min Vol Factor ETF Company Profile

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.